Use Bayes' Theorem to Find the Indicated Probability

question 83

Multiple Choice

Use Bayes' theorem to find the indicated probability.
-In one town, 7% of 18-29 year olds own a home, as do 27% of 30-50 year olds and 52% of those over 50. According to a recent census taken in the town, 27.5% of adults in the town are 18-29 years old, 38.4% are 30-50 years old, and 34.1% are over 50. If an adult is selected at random from the town and found to be a home-owner, what is the probability that they are aged between 30 and 50?

• A) 0.384
• B) 0.345
• C) 0.27
• D) 0.104

Assess internal control procedures over cash and identify strengths and weaknesses.

Analyze transactions for proper accounting treatment and recognize warning signs of irregular activities.

Calculate the beginning and ending cash balances based on given data.

Understand the role of supporting documents in maintaining internal controls.

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Definitions:

Light Sleep

A stage of sleep that is characterized by easy awakeness and is not as deep as REM or deep sleep stages.

Deep Sleep

A stage of sleep characterized by slow brain waves, known as delta waves, associated with physical renewal and memory consolidation.

Sleep Spindles

Burst of brain activity observable in an electroencephalogram (EEG) that occurs during stage 2 of sleep, associated with memory consolidation.

Stage 2 Sleep

The second phase in the sleep cycle, characterized by a deeper level of sleep than stage 1, with the presence of sleep spindles and K-complexes in the brain waves.